BAKERY DRIVERS LOCAL 550 AND INDUSTRY HEALTH BENEFITS FUND

Address
99 TULIP AVNEUE NO 402
FLORAL PARK, NY 11001
Contact
Phone: +1 (516) 328-0072
Nonprofit
NTEE: Y43 - Voluntary Employees Beneficiary Associations (Non-Government)
EIN: 13-5623780

Mission

THE FUND WAS CREATED FOR THE EXCLUSIVE PURPOSE OF PROVIDING SUCH HEALTH AND WELFARE BENEFITS FOR EMPLOYEES AND THEIR DEPENDENTS AS DETERMINED BY THE TRUSTEES IN ACCORDANCE WITH THE TRUST AGREEMENT.
 20172016201520142013
Basic features of the organization
Year of formation1953
Subsection code09
PF filing required0    
Metropolitan statistical area5602
Form of organization
TrustTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$63,265.00$45,489.00$43,213.00$74,795.00$91,326.00
Sum of reportable (W2/1099) compensation$139,900.00$134,075.00$139,075.00$137,650.00$128,175.00
Number of employees23234
Number of people compensated >$100k11111
Number of volunteers00000
Number of highly compensated contractors0000 
Personnel
Demopoulos, Demos
TitleTRUSTEE    
Name of key/compensated personDEMOS P DEMOPOULOS    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Breakdown of reportable comp
Base reportable compensation from org$0.00    
Bonus and incentive reportable compensation$0.00    
Other reportable compensation from org$0.00    
Retirement and other deferred compensation$0.00    
Nontaxable benefits from org$0.00    
Compensation from org previously reported as deferred$0.00    
Other comp, non-reportable, from org and related orgs$42,993.00    
Sum of all compensation from org$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $169,959.00    
Average hours per week working for related orgs40.00    
Distler, Cliff
Title    FORMER TRUSTEE
Name of key/compensated person    CLIFF DISTLER
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $2,742.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Luisi, Camille
TitleFUND ADMINISTRATORFUND ADMINISTRATORFUND ADMINISTRATORFUND ADMINISTRATORFUND ADMINISTRATOR
Name of key/compensated personCAMILLE LUISICAMILLE LUISICAMILLE LUISICAMILLE LUISICAMILLE LUISI
Position of compensated person
Average hours per week working for org37.5037.5037.5037.5037.50
Reportable compensation from org$123,950.00$118,400.00$123,950.00$122,100.00$114,700.00
Breakdown of reportable comp
Base reportable compensation from org$123,950.00$118,400.00$123,950.00$122,100.00 
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00 
Other reportable compensation from org$0.00$0.00$0.00$0.00 
Retirement and other deferred compensation$16,387.00$16,014.00$14,895.00$13,623.00 
Nontaxable benefits from org$20,549.00$21,235.00$19,400.00$18,094.00 
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$36,936.00$37,249.00$34,295.00$31,717.00$29,552.00
Sum of all compensation from org$160,886.00$155,649.00$158,245.00$153,817.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
McGuire, Dennis
TitleTRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personDENNIS MCGUIREDENNIS MCGUIREDENNIS MCGUIREDENNIS MCGUIREDENNIS MCGUIRE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Minella, Lou
TitleTRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personLOU MINELLALOU MINELLALOU MINELLALOU MINELLALOU MINELLA
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Spinelli, Michael
TitleTRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personMICHAEL SPINELLIMICHAEL SPINELLIMICHAEL SPINELLIMICHAEL SPINELLIMICHAEL SPINELLI
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00   
Bonus and incentive reportable compensation$0.00$0.00   
Other reportable compensation from org$0.00$0.00   
Retirement and other deferred compensation$0.00$0.00   
Nontaxable benefits from org$0.00$0.00   
Compensation from org previously reported as deferred$0.00$0.00   
Other comp, non-reportable, from org and related orgs$45,018.00$45,377.00$35,372.00$35,225.00$30,308.00
Sum of all compensation from org$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $119,466.00$104,910.00$102,170.00$103,091.00$91,900.00
Average hours per week working for related orgs40.0040.00   
Volpe, Richard
TitleTRUSTEE - PASTTRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personRICHARD VOLPERICHARD VOLPERICHARD VOLPERICHARD VOLPERICHARD VOLPE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$15,950.00$15,675.00$15,125.00$15,550.00$13,475.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE MEDICAL REIMBURSEMENT,DENTAL, OPTICAL,DEATH, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT AND DISABILITY INCOME BENEFITS TO ELIGIBLE PARTICIPANTS.THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE MEDICAL REIMBURSEMENT,DENTAL, OPTICAL,DEATH, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT AND DISABILITY INCOME BENEFITS TO ELIGIBLE PARTICIPANTS.THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE MEDICAL, HOSPITAL, DENTAL, OPTICAL, PRESCRIPTION DRUG, DEATH, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT AND DISABILITY INCOME BENEFITS TO ELIGIBLE PARTICIPANTS.THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE MEDICAL, HOSPITAL, DENTAL, OPTICAL, PRESCRIPTION DRUG, DEATH, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT AND DISABILITY INCOME BENEFITS TO ELIGIBLE PARTICIPANTS.THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE MEDICAL, HOSPITAL, DENTAL, OPTICAL, PRESCRIPTION DRUG, DEATH, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT AND DISABILITY INCOME BENEFITS TO ELIGIBLE PARTICIPANTS.
Programs, including revenue & expenses
THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Program descriptionTHE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Financial data
Revenue
Total revenue$690,874.00$1,557,358.00$3,387,812.00$3,607,168.00$4,322,316.00
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$0.00$5,573.00$196,821.00$155,882.00$172,938.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$6,553.00$0.00$0.00$0.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$684,321.00$1,551,785.00$3,190,991.00$3,451,286.00$4,149,378.00
Gross receipts$690,874.00$1,557,358.00$4,817,813.00$4,864,204.00$6,105,951.00
Other types of revenue
Miscellaneous revenue (total)$6,553.00    
Income from dividends, interest, and similar investments $5,573.00$16,866.00$25,843.00$42,862.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$891,595.00$1,642,536.00$3,750,246.00$4,023,681.00$5,396,447.00
Fees for services
Legal fees (total)$19,601.00$25,169.00$46,056.00$33,638.00$32,895.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total) $450.00$10,596.00$17,640.00$20,053.00
Assets and liabilities
Total assets$582,793.00$795,913.00$883,846.00$1,414,734.00$1,867,186.00
Total assets, beginning of year$795,913.00$883,846.00$1,414,734.00$1,867,186.00$2,876,711.00
Total liabilities$35,256.00$47,655.00$50,410.00$61,996.00$72,419.00
Total liabilities, beginning of year$47,655.00$50,410.00$61,996.00$72,419.00$52,863.00
Net assets$547,537.00$748,258.00$833,436.00$1,352,738.00$1,794,767.00
Net assets, beginning of year$748,258.00$833,436.00$1,352,738.00$1,794,767.00$2,823,848.00
Other assets$123,880.00$257,336.00$211,309.00$121,427.00$69,837.00
Investments: publicly traded securities  $0.00$1,132,557.00$1,523,356.00
Cash: non-interest bearing$401,320.00$440,356.00$407,671.00-$85,307.00$14,772.00
Cash: non-interest bearing, beginning of year$440,356.00$407,671.00-$85,307.00$14,772.00$15,053.00
Other financial variables
Revenue less expenses-$200,721.00-$85,178.00-$362,434.00-$416,513.00-$1,074,131.00
Savings & temp cash investment$0.00$1,194.00$1,410.00$15,453.00-$4,593.00
Accounts receivable, net$51,380.00$87,716.00$256,650.00$224,775.00$260,300.00
Prepaid expenses & deferred charges$1,036.00$1,108.00$1,096.00$1,061.00$1,124.00
Accounts payable & accrued expenses$35,256.00$47,655.00$50,410.00$61,996.00$72,419.00
Total net assets or fund balances$547,537.00$748,258.00$833,436.00$1,352,738.00$1,794,767.00
Depreciation, depletion, amortization$3,026.00$2,938.00$2,966.00$2,529.00$2,064.00
Governance and accountability
Number of voting members44444
Number of independent voting members22222
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-11-012015-11-012014-11-012013-11-012012-11-01
Tax year end date2017-10-012016-10-012015-10-012014-10-012013-10-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change   True 
Date e-filing submitted2018-09-252017-11-072017-01-042015-09-242014-09-24
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.1
Filing identifier201812149349300436201722499349301482201632459349300313201502309349301065201422389349300027
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